tax relief

Lawmakers are considering whether to give local governments the authority to ask their voters to approve a local option sales tax. The money raised would be used to provide property tax relief and pay for public works projects.

Senate Bill 331 is based on the existing resort tax model that’s assessed on goods and services purchased by tourists. Current state law restricts the resort tax only for communities with a population under 5,500 and draw a high number of tourists. Local residents vote to impose this tax. The money collected pays for public works projects and property tax relief.